This Forex Pair is behaving well on the 60 minute timeframe with our Roller Coaster Indicator Suite, with a great Win rate.
The current long trade that triggered at 0.89149 is now risk free as the trailing stop has been printed just above BreakEven. If the Trailing Stop (0.89144) doesn't get taken out and the price moves back up through 0.82934, then we would look to get in this long trade on AUDCAD. This price level is also above recent pivots points as can be seen on the chart (green hashed line).
Remember to keep your trade size small in line with what you are prepared to lose on this trade if the Stop is taken out at 0.88657
The current long trade that triggered at 0.89149 is now risk free as the trailing stop has been printed just above BreakEven. If the Trailing Stop (0.89144) doesn't get taken out and the price moves back up through 0.82934, then we would look to get in this long trade on AUDCAD. This price level is also above recent pivots points as can be seen on the chart (green hashed line).
Remember to keep your trade size small in line with what you are prepared to lose on this trade if the Stop is taken out at 0.88657
Learn more and Subscribe here! globaltradingsoftware.com/product-category/tradingview-platform/